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Gov’t: Inflation did not drive VAT revenue rise

Record inflation generated less than $10m of the VAT revenue increase in the first six months after the rate cut, the Ministry of Finance asserted last night, with the 2021-2022 deficit slashed by 48.4 percent year-over-year.

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Overseas polling also hits problems

DESPITE Parliamentary Commissioner Sherlyn Hall’s assertion that voting went “well” at all of the oversees advanced polling stations, Bahamians studying in Barbados told The Tribune yesterday that their experience seemed to follow the same “chaotic” and “discouraging” nature of the vote on Wednesday in the capital.

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Glenys to defy Speaker's ban

ENGLERSTON MP Glenys Hanna Martin will attend the next sitting of the House of Assembly despite being named and suspended indefinitely by House Speaker Halson Moultrie, Official Opposition Leader Philip “Brave” Davis announced yesterday.

Tourism flat-lines as yields off 28% since millennium

A 28 per cent decline in per tourist spending yields since 2000 has resulted in “no growth” this century in the Bahamas’ largest industry, the Minister of Tourism revealed yesterday.Dionisio D’Aguilar told the House of Assembly that the decline in pe

Fund 'a victim of its own success' with 35% growth

RoyalFidelity’s Prime Income Fund was yesterday said to have become “a victim of its own success” after enjoying 35 per cent growth over the past year.Joseph Euteneuer, the investment bank’s mutual fund manager, told Tribune Business it was increasin

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Darville points to $50m investment across GB

MINISTER for Grand Bahama Dr Michael Darville has highlighted nearly $50m in government capital projects and upgrades underway throughout the island of Grand Bahama.

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UPDATED: Knights win fifth straight GSSSA track and field title

COACH Tia Rolle and the CR Walker Knights celebrated their fifth straight Government Secondary Schools Sports Association Track and Field Championship title on Friday at the Thomas A Robinson National Stadium.

Opposition slams $20m mortgage relief ‘farce’

Opposition politicians yesterday slammed the latest Mortgage Relief Plan (MRP)as “a farce”, and questioned why the Bahamian people were giving the banks a $20 million subsidy for activities they already financed themselves.

Gov’t hailed over Freeport’s ‘20-year tax regime certainty’

FREEPORT’S private sector yesterday hailed the Government for “delivering 20 years of tax regime certainty” with its plans to repeal the Christie administration’s controversial actions.

Clubs and societies

Bahamas Humane Society. - Tuesday, May 20, is BHS Bingo Night at Green Parrot (Nassau side). Come out for a fun-filled evening of luck and chance and help support the BHS along the way! Winners split 50/50 with the house. Card play starts at 7:30 but come early and eat before we play! Part proceeds of food purchased that evening also goes to the BHS.

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Athletes qualify for CAC, IAAF World Jrs

CARMIESHA Cox, Pedrya Seymour, Brashae Wood, Ashley Riley, Drexel Maycock, Teshon Adderley, Devinn Cartwright and Racquel Williams were among the li

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Jordan, Laquell qualify for CARIFTA Games

TWO athletes closed out the year on a high note as they attained the qualifying standards for the 2017 Carifta Games as they competed in the RC Athletics Throwers Meet at the University of the Bahamas field on Saturday.

Marina chief: Fee rise now 'makes way more sense'

A former Association of The Bahamas Marinas (ABM) president yesterday argued the Government could have allayed fears over major hikes in yacht and boat registration fees if its Budget messaging was better.

Largest Bahamas First stake targeted in acquisition move

The largest shareholding in Bahamas First may soon change hands with the potential buyer already signalling its desire to expand that ownership interest beyond the initial 20 percent.

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Construction costs to jump 20% this year

Two ex-Bahamian Contractors Association (BCA) presidents yesterday warned that construction costs will likely increase up to 20 percent this year as cement became the latest product to take a hit.

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Gaither qualifies for 100m semis

DOHA, Qatar: Running blind out of lane two of the women's 100 metres heats, Tynia Gaither bolted out to a terrific start, but didn't see the rest of the field as they reeled her in.

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Broker 'optimistic' doctors' captive issues resolved

By NEIL HARTNELL Tribune Business Editor A Bahamas-based insurance executive is "optimistic" that differences with the regulator over a captive insurer providing coverage to 70-80 Bahamian physicians

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WORLD VIEW: Why 84 countries are borrowing from the IMF

IN the wake of the economic damage done by the effects of the COVID-19 pandemic, countries in every continent of the world have turned to the International Monetary Fund (IMF) for assistance.

Middle class ‘open to exploitation’ via redundancy law

A trade union leader believes the Bahamas’ redundancy laws leave the middle class “open to exploitation”, as she called for the Employment Act to be “revamped”.

BREAK FINANCIAL 'STATUS QUO' VIA 23% GDP GOAL

By NEIL HARTNELL Tribune Business Editor The financial services industry's direct GDP contribution could grow to 22-23 per cent within five-seven years if the Bahamas was bold enough to break with the "status quo" position it has maintained for the past